Volvo Construction Equipment is consolidating its North American industrial operations.

The company’s Asheville, N.C., manufacturing facility will stop its activities by March 31. The closing will affect 228 employees. Volvo CE will incur an estimated restructuring cost of $16 million, which will be recorded mainly in the fourth quarter of 2009.

The manufacturing of wheel loaders will move to Arvika, Sweden; excavators will be produced in Changwon, South Korea and Cabs for motor graders will be moved to Shippensburg, Pa.